News Formal

If you're a business owner, grab this 20% tax break before the year ends

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

The new qualified business income deduction can be an attractive one for small business owners who want to save a few dollars in 2019. What you should know before you claim it.

Other tasks, including time spent purchasing property or traveling to and from your real estate, won't count toward the hourly requirement."Save your documents and receipts; you need to support your hours," said Troy Lewis, CPA, associate teaching professor at Brigham Young University.

If you're hoping to claim the deduction for a property you rent out, the IRS will want to know how much time you actually spent on maintenance, management and more.Do a gut check of your appetite for the deduction, and prepare for the possibility that you may have to make your case to the IRS.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in EG

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

The stock market could go up 20% from here, predicts Merrill Lynch Wealth Management president'The trend is your friend. We're very bullish on the market right now,' says Merrill Lynch's Andy Sieg. So. What! Lots of overpriced crappy stocks, CNBC means fake news! Celebrations of Trump’s impeachment?
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »